Bandra is very attractive location for Residential properties in Mumbai

Mumbai is considered to be one of the top contributors
in attracting PE investments in real estate sector; few of the major driving
factors being the demand, price points and growth prospects. The rising
confidence among institutional investors is bringing back the appetite among
real estate investors. He sector has always witnessed an unprecedented interest
among investors however there has been ups and downs too as a result of
economic situations. On the other hand, the cyclical decline in the interest
rates has made it viable for investors to further invest in property market.

With Government’s aggressive push towards formalizing,
regulating and encouraging investment in the real estate sector with measures
like Real Estate (Regulation & Development) Act, 2016 (RERA), Goods &
Services Tax (GST), Real Estate Investment Trusts (REITs), demonetization and
eased out FDI norms, it is expected that the enhanced transparency will bring a
visible boost in the entire sector. Doesn’t all sound way too lucrative to step
out and empty your pockets by investing in some promising real estate ventures?
However one complexity that arises here is about zeroing upon the location.

Bandra
– the perfect location for prime property seekers

Since we began with Mumbai as our focus so let us
consider Bandra that is one out of the exhaustive list of prime areas of Mumbai.
Bandra West, in particular, is a popular destination among people who look
forward to lavish and high end lifestyle. Despite the fact that Bandra has
issues of traffic congestion on a day-to-day basis still it happens to be a
preferred destination for property seekers who are willing to spend big. The
elite profile that Bandra holds with high end shopping malls, healthcare,
education, recreational activities and much more is tempting enough to invest
in this location.

Bandra-Kurla Complex (BKC) is one of the major reasons
that there has been residential augmentation too in the respective region. It
has undoubtedly emerged as an important business district in Mumbai that has
led to overall robust infrastructural development of the location. Few factors that
make Bandra an investment hotspot are:

·Price
Factor – The prices in Bandra vary as per the exact location
of the property however areas in close proximity to BKC are priced higher than
the ones in Bandra East that is considered to be the new micro market.
Furthermore, the builder/developer, amenities provided and exact location of
the property are key determinants of the actual price. The ones who know that
Mumbai is their home prefer investing in Bandra due to the level of development
and culture there.

·So-called
smart facilities – In the world of smart phones where
technology drives our lives, it has become inevitable for developers to
incorporate smart facilities in their projects to attract more and more
investors. The same is the concept that has picked up pace in Bandra too
wherein advanced CCTV networks, street lights with motion sensors and much more
is under progress.

·Bandra
West v/s Bandra East – With Bandra West almost reaching
saturation in terms of fulfilling property demand, the shift towards Bandra
East property market is inevitable. With no more support coming from Bandra
West to satisfy investors’s demands, both the capital and rental values of real
estate in Bandra East are likely to increase.

·Shifting
of CBD from Nariman Point to BKC – With the CBD shifted from
Nariman Point to Bandra Kurla Complex (BKC), Bandra has evolved to be the most
preferred destination for high profile people like business owners, upper
managerial cadre, expatriates and many more.

It would really not be wrong to say that Bandra has off
late become the heart of Mumbai with the most advanced residential as well as
commercial projects having come up in and around this area. Know More About Get refereed to this website Residential Properties in Mumbai